Advanced Voice Services Availability Act
The best way to address the economic problems facing the country is to increase economic opportunity, investing in and fostering potential growth areas of the economy that hold real promise to create jobs and wealth. Few areas hold as much promise as broadband access to the Internet, especially mobile broadband. Over the past two years, the broadband industry has collectively invested over $120 billion in research, equipment and people.
Broadband has created new products, services, systems, and applications for users. In fact, an
entire sector of the economy, termed the “app economy,” has emerged. Of course, these
new products and services require software engineers, designers, artists and subject matter experts to develop the applications. This new sector of the economy also requires scores of
people, such as accountants, administrative personnel, salespeople and managers in the back office, to successfully run and service the new businesses. In fact, one study found that
the app-economy has
created half a million new jobs to serve the needs of this new economy.
Broadband has also enabled people who have lost their jobs to search for new employment and learn new skills. There now exist a myriad of websites listing jobs in a navigable and sophisticated format that allows users to search based on their expertise, skills and compensation needs. Additionally, there are websites where the unemployed can acquire new skills and a new knowledge base to make them more qualified for positions. In many cases, people can obtain college and graduate degrees from accredited institutions through online courses over broadband connections.
The growth of broadband has had a real positive impact on the U.S. economy. For example, small communities in the Midwest have lost population as young people migrate to cities in search of better job opportunities. But with the help of broadband, some of these communities
have reinvented themselves as
” and become launching pads
for new businesses by focusing on areas such as application and website development.
In small cities and towns like Kansas City and Omaha, clusters of startups and tech ventures are forming and growing the local economies.
Over the past two years, the broadband industry has collectively invested over $120 billion in research, equipment and people.